FINANS DAILY
"Leadership is the ability to get men to do what they don't want to do and like it." - Harry S. Truman
FOREX MARKET
The European currency reclaimed some of the losses posted recently against the dollar, however the trend is still
unclear on the market. On Tuesday, the EUR/USD is being traded in the 1.2720 zone around noon, with risk to the
upside, as the market will be watching the US International Trade figures for July. We remain confident that the
European Central Bank will resort to further tightening in the next quarters, and this is likely to offer robust support
to the euro against the dollar, the more so as Fed's policy rate is approaching its top level.
The domestic currency continues to appreciate against the euro, as quotes reached 3.5100 level, on back of higher
internal demand from resident players. The traded volumes remained low as the offshore clients refrain from taking
position on the Romanian forex market lately. They might be waiting for the report of the European Commission on
September 26th to commit in either direction. The forex market opened at 3.5120 level today and stabilized in this
area, as bids oscillate less than 30 pips until noon time. The short term trend is definitely to the downwards, however
3.5000 level is expected to hold strong support. The good evolution of headline inflation which decelerated to another
post-communist low of 6%, as it recorded a deflation of 0.07% in August, had no immediate impact on the market, as
it is unlikely that NBR will resort to rate cuts this year.
MONEY MARKET
The National Bank of Romania sterilized RON 1.25bln at the usual Monday depo auction at the 8.75% fixed rate. The
overnight interest rates remain flat in the 8.5-9.5% zone.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5176 |
-0.0060 |
0.0000 |
0.00% |
|
USD/RON |
2.7640 |
-0.0065 |
0.0000 |
0.00% |
|
GBP/RON |
5.1593 |
-0.0251 |
-3.76% |
-2.23% |
|
CHF/RON |
2.2281 |
0.0004 |
-5.23% |
-3.11% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
8.21% |
8.28% |
8.04% |
8.00% |
|
BUBOR |
8.92% |
9.18% |
9.21% |
9.20% |
|
LIBOR (EUR) |
3.07% |
3.10% |
3.51% |
3.73% |
|
LIBOR (USD) |
5.28% |
5.33% |
5.42% |
5.40% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,676.86 |
-0.64% |
|
BET-C |
4,622.89 |
-0.56% |
|
BET-FI |
46,528.49 |
-0.72% |
|
RASDAQC |
2,024.97 |
0.27% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cudoii |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
110.76 |
-0.06% |
4.20 |
|
02-Jul-10 |
5.75% |
105.10 |
0.01% |
4.26 |
|
06-May-12 |
6.50% |
120.63 |
-0.20% |
4.29 |
|
22-Jun-15 |
4 125% |
94.72 |
-0.22% |
4.87 |
|
Romanian State Government Bonds and T-Bills |
||||
|
Latest issues |
Auction Date |
Issue Date |
Maturity Date |
Avg. Yield |
|
RO0510DBNI36 |
08 August 2005 |
10 August 2005 |
10 August 2010 |
7.48% |
|
RO0515DBN143 |
15 August 2005 |
17 August 2005 |
17 August 2015 |
7.49% |
|
RO0508DBN155 |
15 September 2005 |
19 September 2005 |
19 September 2008 |
7.60% |
|
International Equities |
||||
|
Last |
Daily Change |
Year Low |
YearHigh |
|
|
S&P500 |
1,299.54 |
0.05% |
1,223.69 |
1,325.76 |
|
DJI |
11,396.84 |
0.04% |
11,331.44 |
11,469.28 |
|
NASDAQ |
2,173.25 |
0.34% |
2,057.71 |
2,205.70 |
|
XETRADAX |
5,798.46 |
0.06% |
5,773.72 |
6,140.72 |
|
NIKKEI 225 |
15,719.34 |
-0.48% |
14,218.60 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2711 |
0.24% |
|
GBP/USD |
1.8675 |
0.09% |
|
USD/CHF |
1.2430 |
-0.30% |
|
USD/SEK |
7.2985 |
-0.38% |
|
USD/JPY |
117.63 |
0.33% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2650 |
Res. 1 |
1.2760 |
|
Sup. 2 |
1.2600 |
Res. 2 |
1.2840 |
|
Sup. 3 |
1.2550 |
Res. 3 |
1.2880 |
|
Sup. 4 |
1.2450 |
Res. 4 |
1.2940 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
595.6 |
0.00% |
|
SILVER |
11.25 |
-4.01% |
|
OIL (BRENT) |
61.45 |
-2.98% |
|
Interest Rates for Time Deposits of Finansbank (Romania) SA |
|||||||
|
1WK |
1M |
3M |
6M |
9M |
12M |
Minimum Amount |
|
|
USD |
0.50% |
3.75% |
4.00% |
4.25% |
4.50% |
5.00% |
USD 1,000 |
|
EUR |
0.50% |
3.50% |
4.00% |
4.25% |
4.50% |
5.00% |
EUR 1,000 |
|
RON |
3.00% |
7.5% |
8.0% |
8.0% |
8.00% |
8.50% |
RON 2,000 |
Released by FINANSBANK Romania S.A., Splaiul Unirii no.12, Bl. B6 040034, Bucharest. For further information please contact Melania Hancila Treasury & Capital Markets Division, Phone 301 73 42, Fax 318 09 61.
Disclaimer: This report does not represent an investment advice and should not be construed as a recommendation to invest in any kind of investment vehicle. The information in the report is based on sources available to the public and believed to be reliable, and there is no claim that is accurate or complete. Thereafter this information can be changed without notice.
Publicat de FINANSBANK Romania S.A., Splaiul Unirii nr.12, Bl. B6 040034, Bucuresti. Pentru mai multe informatii si intrebari, va rugam contactati Departamentul Trezorerie si Piete de capital - Melania Hancila, Telefon: 301 73 42, Fax: 318 09 61.
Acest buletin are scop informativ si nu reprezinta un sfat sau recomandare de a investi in nici un tip de instrument. Informatiile care stau la baza acestui raport zilnic au o sursa publica, considerata sigura insa, nu sustinem ca este completa. Astfel ca informatiile publicate mai sus se pot schimba fara un anunt prealabil.